Explain the organization of the federal reserve system

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Reference no: EM131171048

• Explain the organization of the Federal Reserve System.

• Explain reserve requirements.

• Explain the three types of unemployment.

• What is the difference between the nominal interest rate and the real interest rate?

• What are the four functions of money?

• What policy tools does the Fed use to control money supply?

• Discuss the Fed's effectiveness in fighting inflation and recession.

• What is hyperinflation and why is it acceptable under some circumstances?

• Is "monopoly" a good name for the game "Monopoly"? What aspects of the game involve monopoly? Explain using the economic aspects, definition, and function of monopolies.

Reference no: EM131171048

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